Here are some of the key highlights from the BOE Governor Mark Carney’s comments during a press conference about the latest Financial Stability Report (FSR) released this Wednesday.
“¢ Global risks are material and increasing.
“¢ Global trade tensions have intensified.
“¢ Global risks could crystallize longstanding risks of a snapback in interest rates.
“¢ UK consumer, company debt-service burdens are low.
“¢ Banks’ capital has risen, can withstand a Brexit shock.
“¢ Rising protectionist sentiment could sap the strength of the global economy.
“¢ Mitigating cliff-edge Brexit risks to the financial system also rely on efforts from EU.
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